Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
India’s electronics aluminium demand to grow 10.18% CAGR: Why aren’t makers benefiting from strong domestic production?
India’s aluminium smelters operate with some of the highest margins in the value chain, at around 10 per cent, but this profitability is not reflected among downstream manufacturers, where margins are closer to 5 per cent. These companies convert the metal into finished products such as heat sinks,...
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Canadian student captures 2014 Sapa Sustainable Design Award
Dawson College student Nicholas Parent has won the 2014 Sapa Sustainable Design Award for an extruded aluminium wall bracket system that helps bring new life to old skateboards. More than 80 entries from 13 universities around the world were received for the 2014 Aluminum Extrusion Design...
Operating rates at Chinese aluminum fabricators expected to fall in July
The average operating rate at Chinese aluminum fabricators is expected to slide in July, Shanghai Metals Market foresees. FRPs The average operating rate will likely inch down to 60% at plate/sheet, strip and foil segments in July. The arrival of the traditional off-season has caused orders to...
Kaiser Aluminum Corporation reports second quarter and first half 2014 financial results
Highlights: Second Quarter 2014 - Operating Income $46 Million; Adjusted EBITDA $46 Million; Adjusted EBITDA Margin 24% Third Consecutive Quarterly Record for Heat Treat Plate Shipments Strong Growth in Automotive Extrusions Generated Second Consecutive Quarterly Record Strategic Investments...
Norsk Hydro(Sapa) announces results for the second quarter 2014
Underlying EBIT for Sapa improved compared to the first quarter, partly influenced by seasonally stronger sales volumes. Sapa’s restructuring agenda is progressing according to plan and reported EBIT is affected by related restructuring charges. Key Figures - Sapa (50%) Second quarter 2014 First...
Granco Clark supplies Signature Aluminum a profile and billet taper quench
Signature Aluminum Canada located in Pickering, Ontario has selected Granco Clark to supply performance upgrades to their existing 3000 Ton extrusion line. Signature is upgrading the press line to improve process control and increased capacity. Granco Clark is supplying a profile quench and a...
40,000-TPY Aluminum extrusion project commences construction in China’s Chongqing
Jiangxi Shide Aluminum Co. broke ground on 40,000-tpy aluminum extrusion project in Chongqing recently. Located in Wuyang Immigration Industrial Park, the project represents 500 million yuan ($ 81 million) in total investment. The first phase, with investment at 280 million yuan and annual capacity...
Granco Clark supplies Indalum Mexico
Granco Clark of Belding, MI has recently built and supplied Log Processing and Automated Extrusion Handling Systems to Indalum Mexico for their new Danieli 3800T Extrusion Press. The new system will be handling extrusions that are 25kg/m in weight and will have a maximum length of 50m. The Log...
Vimetco Extrusion completed an investment of RON 19 million for increasing efficiency and competitiveness
Vimetco Extrusion, fully owned subsidiary of Vimetco-Alro S.A., commissioned an investment of RON 19 million, aimed at increasing the efficiency of the activity and the competitiveness. The project, co-financed by the European Union, regarded the increase in production and exports volume,...
Sapa investing in MPE, aluminium tube capacity in India
Sapa is investing in an aluminium extrusion press in Kuppam for the production of multi-port extrusions and drawn tubes for automotive and HVACR heat transfer applications. The company will become the first local manufacturer of such products in India. Sapa is experiencing high growth in India,...
Aluminum Association updates on downstream industry activity
Shipments of Aluminum Extruded Products (extruded shapes, pipe & tube, and rod & bar) by U.S. and Canadian producers totaled an estimated 388.0 million pounds during May 2014, an increase of 5.2 percent over the May 2013 total of 368.9 million pounds. Compared to the previous month, shipments rose...
China’s aluminum semis exports fall to 270,000 tons in May
China’s aluminum semis exports fell 6.90% to 270,000 tons in May from a year ago due to falling exports of plate/sheet, strip and flake, Shanghai Metals Market learned. The exports in May, virtually unchanged on a monthly basis, registered a 17.15% year-on-year drop of exports in aluminum...
Sapa will double capacity in Vietnam
Sapa is doubling production capacity at its joint venture in Vietnam to support the growing local demand of high-value extruded aluminium products and solutions. The investment by Sapa Ben Thanh Aluminum Profiles Co., Ltd. (Sapa BTG) in Ho Chi Minh City covers a second extrusion press, including...
New Extruded Aluminum Arch Cornice Moldings to lower cost & reduce maintenance
In an industry first the Perimeter Systems division of Southern Aluminum Finishing Co., (SAF) introduces its Vertical Radius Arch. The new Vertical Radius Arch was created using the company’s proprietary extruded cornices which are stretched-formed the ’hard way.’The Vertical Radius Arch Cornice...
ET Foundation recognizes professional designers and students in the 2014 aluminum extrusion design competition
A total of $20,000 was awarded to professional designers and students in the 2014 International Aluminum Extrusion Design Competition. Ninety-five entries were received for the competition, including more than 80 designs from students and universities and technical schools. The awards, sponsored by...
Lanka Aluminium showcases unique proprietary products at build Sri Lanka 2014
Lanka Aluminium Industries PLC showcased its unique and proprietary product range at the Build Sri Lanka 2014 exhibition held at the BMICH recently. This innovative product range caters to the unique requirements of both the individual housing as well as commercial building markets. The product...
Guizhou Deyuan commissions two aluminum extrusion lines
According to the reports from local media, Guizhou Deyuan Technology Co. has put on recently two aluminium extrusion production lines in Dejiang country of Guizhou province. The two new lines are running at full capacity now producing a daily output of 20 tons of aluminium extrusion, the media also...
Operating Rates at Chinese Aluminum Extruders may fall in June
Shanghai Metals Market foresees that the operating rates at Chinese Aluminium Extruders will fall slightly during the month of June. This decline has resulted from the requirements of higher environmental protection, tightening liquidity, shortage of labor and the beginning of a low-demand season,...
Sapa delivered aluminium solutions forthree stadiums in 2014 FIFA World Cup in Brazil
Sapa delivered aluminium solutions for the renovation of three of the stadiums being used in the 2014 FIFA World Cup in Brazil, but that is not all. Sapa also supported the upgrade of one of the key airports serving São Paulo. The expansion of Viracopos Airport in Campinas, near São Paulo, was one...
